BTDR vs QQQ: Correlation
Measured on weekly returns over the past three years, Bitdeer Technologies Group (BTDR) and Invesco QQQ Trust (QQQ) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTDR and QQQ?
On 3 years of weekly data the BTDR/QQQ correlation comes out at 0.35, moderate. The relationship has been stable: the 1-year correlation (0.30) sits close to the 3-year figure. The 5-year figure is 0.23, and annualized covariance runs at 754.4 %².
Within BTDR's tracked universe of 12 assets, QQQ comes in at #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 42.7 points (-16.4% versus +26.3%). Note the risk asymmetry: BTDR runs 5.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
BTDR vs QQQ: side by side
| BTDR (Bitdeer Technologies Group) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -16.4% | +26.3% |
| 5-year return | +14.6% | +95.4% |
| Volatility (ann.) | 110.8% | 19.6% |
| Beta vs S&P 500 | 2.58 | 1.28 |
| Max drawdown (3Y) | -79.1% | -22.8% |
| Market cap | $3.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | US Listed | ETF · US Growth & Tech |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | BTDR | QQQ |
|---|---|---|
| 2022 | +4.6% | -32.6% |
| 2023 | -5.4% | +54.9% |
| 2024 | +119.8% | +25.6% |
| 2025 | -48.3% | +20.8% |
| 2026 | +1.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTDR and QQQ good diversifiers for each other?
Reasonably. At 0.35, BTDR and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BTDR and QQQ?
The BTDR/QQQ correlation stands at 0.35 on a 3-year window (1 year: 0.30, 5 years: 0.23), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for BTDR?
Reasonably. At 0.35, BTDR and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
A reading of 0.35 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/btdr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/btdr-vs-qqq/)
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Related comparisons
Hubs: BTDR correlations · QQQ correlations
